Macy’s cuts sales forecast as department stores struggle to draw shoppers
Article Analysis 3 Highlights: 1. Macy’s cut its full-year sales forecast due to contending with selective shoppers and increased promotions. The retailer posted a mixed quarter, surpassing earnings expectations but falling short on revenue. 2. Macy’s anticipates lower net sales for the year, with a decline from the previous fiscal year. The company expects a […]
